Experience More with Cox Automotive. Join us at NADA2025. See what’s new
x
Cox Automotive Inc.
2 min read
Auto Market Weekly Summary 12/09/2024 Key Highlights Job growth showed a strong recovery in November. The new-vehicle seasonally adjusted annual rate (SAAR) improved to its best levels in November since May 2021. The used-car market also witnessed increasing sales in November. Economic Labor Trends Steady job growth was witnessed in November as the job market recovered from Hurricane Milton's disruptions in October, indicating a stable labor market environment. There was a… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
3 min read
Auto Market Weekly Summary 12/02/2024 Key Highlights The increase in third-quarter real GDP was unchanged at 2.8%, with personal consumption revised down to 3.5% from 3.7%. Plans to purchase a vehicle in the next six months remained high despite a slight decline from October. Consumer confidence rose by 2.8% in November, with plans to purchase vehicles remaining high. GDP The increase in third-quarter real GDP was unchanged at 2.8%, reflecting steady… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
4 min read
Auto Market Weekly Summary 11/25/2024 Key Highlights U.S. housing market data reveal mixed signals, potentially influencing auto market recovery timelines. Jobless claims indicate a persistently softening labor market, raising concerns about consumer spending power. Consumer sentiment improves year over year, but expectations are mixed, impacting big-ticket purchases like vehicles. Residential Construction Offers Mixed Signals The latest housing market data highlights declining trends in residential construction, reflecting potential headwinds for auto sales… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
4 min read
Auto Market Weekly Summary 11/18/2024 Key Highlights Headline inflation rose by 0.2% in October, with significant contributions from shelter and transportation costs. Retail sales in the auto sector increased by 1.6% in October, outpacing the broader market. Auto loan performance remains weak, with 60-day+ delinquencies rising for the sixth consecutive month. Inflation Rises The auto industry is experiencing price dynamics influenced by inflation trends. Headline inflation rose by 0.2% in October,… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
3 min read
Auto Market Weekly Summary 11/11/2024 Key Highlights New light-vehicle sales increased year over year in October. Average transaction prices for new vehicles rose slightly, while incentives from manufacturers saw a significant increase. Consumer sentiment improved, driven by better future expectations and slight improvements in vehicle buying conditions. New-Vehicle Sales The auto industry is experiencing a notable upswing, with new light-vehicle sales up 10.6% year over year in October. By volume, sales… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
2 min read
Auto Market Weekly Summary 11/04/2024 Key Highlights The first estimate of third-quarter real GDP growth showed a deceleration to 2.8% from 3.0% in the second quarter. Personal consumption accelerated to 3.7% growth from 2.8% in the previous quarter. Initial October payroll estimates indicate only 12,000 jobs were created, significantly below the expected 100,000. October new-vehicle sales are estimated to have finished just above the Cox Automotive forecast at 1.33 million and… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
2 min read
Auto Market Weekly Summary 10/28/2024 Key Highlights Existing home sales declined 1.0% in September, marking the lowest level since 2010. New home sales grew more than expected, with a 4.1% monthly increase. Consumer sentiment rose by 0.6% in October, surprising analysts. Housing Market Trends The housing market displayed mixed trends in September, with existing and new home sales diverging significantly. Existing home sales dropped 1.0% in September, reaching the lowest level… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
3 min read
Auto Market Weekly Summary 10/21/2024 Key Highlights Retail Sales Performance: September saw a stronger-than-expected 0.4% monthly gain in consumer spending, with the auto sector underperforming the rest of the retail market. Residential Construction Trends: Both permits and starts declined in September, with the multifamily sector showing the most significant drops. Labor Market and Consumer Sentiment: Initial jobless claims declined, but continuing claims increased, indicating a deteriorating labor market. Consumer sentiment also… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
3 min read
Auto Market Weekly Summary 10/14/2024 Key Highlights Inflation and Vehicle Prices: Headline inflation increased more than expected in September, with notable rises in transportation services and vehicle prices. Auto Loan Credit and Consumer Sentiment: Access to auto credit improved modestly, but overall credit access remains tighter than a year ago. Vehicle Sales and Market Trends: New-vehicle prices saw a slight increase, while used-vehicle prices declined, and wholesale vehicle values continued to… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
2 min read
Auto Market Weekly Summary 10/07/2024 Key Highlights September’s job growth significantly surpassed expectations, with 254,000 jobs created compared to an expected 150,000, marking the highest surge since March. Despite the robust job creation, the automotive industry exhibited slower growth, with auto dealers adding only 1,300 jobs, leaving overall dealership employment 0.7% lower than February 2020 levels. September also saw new light-vehicle sales drop by 12.8% year over year, recovering slightly to… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends